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Dec 28, 2012
12/12
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in all my years, that's a deed i'll always remember, a gift i gave that came back to me ten- fold. i'm lou heckler. >> susie: that's "nightly business report" for friday, december 28. have a great weekend everyone, we'll see you online at: www.nbr.com and back here monday night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
in all my years, that's a deed i'll always remember, a gift i gave that came back to me ten- fold. i'm lou heckler. >> susie: that's "nightly business report" for friday, december 28. have a great weekend everyone, we'll see you online at: www.nbr.com and back here monday night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and...
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Dec 18, 2012
12/12
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i want them liking me! >> reporter: after a while, i persuade tony to let me deliver two packages to a building across the street. that means, i'm also responsible for the diad-- the electronic clipboard tracking all the packages. i have two packages for you. >> great. >> reporter: and i need you to sign. with that, my visit is over. but tony will be on the job till at least 6 p.m. except lunchtime, of course. tt's en hgoeso thgym. erika miller, "n.b.r.," new york. >> susie: with holiday spending in high gear, we've got some surprising research from stanford on gift giving, and tips on successful gift ideas. you'll find it on: www.nbr.com. just look for the "nbr-u" tab. >> susie: american businesses may have their doubts about the u.s. economy but not-- they opened one of the world's largestio gurt processing plants t spent almost half a billion dollars to build the massive facility in twin fall, idaho. and will hire 300 people to work ere. they got their start five years ago in new york state and now has r
i want them liking me! >> reporter: after a while, i persuade tony to let me deliver two packages to a building across the street. that means, i'm also responsible for the diad-- the electronic clipboard tracking all the packages. i have two packages for you. >> great. >> reporter: and i need you to sign. with that, my visit is over. but tony will be on the job till at least 6 p.m. except lunchtime, of course. tt's en hgoeso thgym. erika miller, "n.b.r.," new york....
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Dec 11, 2012
12/12
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compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks, and then we're asking students to pay higher student loans, or suddenly, a school doesn't have school books because the school district couldn't afford it. >> susie: meanwhile, a ranking democrat on the house budget committee tells "nightly business report" he is optimistic about getting a fiscal cliff deal by the end of they year. maryland congressman chris van hollen talked with our darren gersh, and began with an update on the status of the talks. >> well, the good news is that the president and the speaker of the house are now in face-to-face discussions. it's always better to be talking than not. the other development is that increasingly congressional republicans recognize that the position that they had staked out is unsustainable. >> one of the arguments we hear from some democrats is that the fiscal cliff isn't really a cliff, it's more like a slope and you could gradually go down it and the withholding from tax wouldn't kick in for a while an
compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks, and then we're asking students to pay higher student loans, or suddenly, a school doesn't have school books because the school district couldn't afford it. >> susie: meanwhile, a ranking democrat on the house budget committee tells "nightly business report" he is optimistic about getting a fiscal cliff deal by the end of they year....
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Dec 27, 2012
12/12
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the nasdaq -- >> ok. >> excuse me? >> go ahead. i want to jump in and ask you, so you're talking mostly here about equities, for investors who have money in bonds, should they be now transferring money into equities or do you still see that it makes sense to keep some of your money in treasures and other bonds? >> it depends on the investor. if the yield is important to them as income and they won't need to sell their bonds before maturity, then i say hang on to them. i'm not one of those people who thinks that bonds are going to take a big drop. i would be skeptical of trying to play it tactically which means by some bond and then you look to sell them quickly, i wouldn't be doing that. but an investors who -- >> ok. >> an investor who invests in the bond income i wouldn't have a problem with them still being in the bond market. >> wayne, you know everybody on wall street and in washington is talking about this fiscal cliff. if the negotiations carry over into january and stocks sell off, would you still be this bullish or are you
the nasdaq -- >> ok. >> excuse me? >> go ahead. i want to jump in and ask you, so you're talking mostly here about equities, for investors who have money in bonds, should they be now transferring money into equities or do you still see that it makes sense to keep some of your money in treasures and other bonds? >> it depends on the investor. if the yield is important to them as income and they won't need to sell their bonds before maturity, then i say hang on to them....
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Dec 20, 2012
12/12
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and i don't know how much of that has to do with it is very hard for them to say "yes" to me. >> reporter: there now appear to be two key sticking points: republicans want the president to offer up deeper cuts in entitlement spenng totaling several hundred billion dollars over ten years. in return the president is determined to get a long-term extension of the nation's debt limit. last year, the fight over raising the debt limit brought the country to the edge of default. but house republicans see the debt limit as a crucial check on spending. >> i think they are very, very reluctant to give up this leverage-- what they consider to be the last leverage they may have next year on trying to get real entitlement reform and i think that accounts for a lot of it. >> reporter: but the president considers debt limit battles to be an irresponsible use of congressional power. >> i will not negotiate around the debt ceiling. we are not going to play the same game that we played in 2011, which was hugely destructive. hurt our economy. provided more uncertainty to the business community than anything
and i don't know how much of that has to do with it is very hard for them to say "yes" to me. >> reporter: there now appear to be two key sticking points: republicans want the president to offer up deeper cuts in entitlement spenng totaling several hundred billion dollars over ten years. in return the president is determined to get a long-term extension of the nation's debt limit. last year, the fight over raising the debt limit brought the country to the edge of default. but...
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Dec 19, 2012
12/12
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i bought a bond and it went up, and why do you want to take this away from me. but i believe in the premises of your question. if, in fact, the economy is a little better, and the financial risks are a little better, that's a recipe for very low interest rates, for a mild increase in interest rates, which means bond prices go down. i would not be overweight in the treasury area. i would have modest weights and have the rest made up in equity, susie. >> susie: bob, thanks a lot. we look forward to your 10 predictions in 2013. we'll be talking to you about that. robert doll as nuveen as asset management. >> susie: there was a new twist today in the samsung-apple saga over patent disputes. samsung electronics dropped a critical lawsuit banning the sale of apple products in europe. the good news helped put some shine on apple shares today. the stock gained nearly 3%. still, even though apple now has a green light in europe, it's facing growing competition here at home. suzanne pratt reports. >> reporter: could it possibly be that consumers are souring on apple's ico
i bought a bond and it went up, and why do you want to take this away from me. but i believe in the premises of your question. if, in fact, the economy is a little better, and the financial risks are a little better, that's a recipe for very low interest rates, for a mild increase in interest rates, which means bond prices go down. i would not be overweight in the treasury area. i would have modest weights and have the rest made up in equity, susie. >> susie: bob, thanks a lot. we look...
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Dec 26, 2012
12/12
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. >> my grandmother told me never, ever, ever give the recipe out or you're kicked out the family. >> mike: (laughs) if the sauce is the key, what it has opened the is the door to success for everett and jones, arguably the best known barbecue restaurant chain in northern california. five outlets with this, the jack london square location in oakland, the largest. >> those are homemade sausages. >> mike: it's owned and operated by dorothy king jurnigan and her children, four daughters and two sons. business acumen passed generation to generation. >> consistency. that's the key to having a successful business. >> knowing the history and where my grandmother went through to hit this business it just made me work harder and just love it. i love it. >> mike: it's a history that stretches back to a shoeless family in rural alabama, one that moved to oakland in the '50s and one that saw dorothy everett, a single mother of eight, open her first restaurant-- with that sauce-- in 1973. it provided a good living and created a desire for something more. >> my mom said to me "dorothy, they are not
. >> my grandmother told me never, ever, ever give the recipe out or you're kicked out the family. >> mike: (laughs) if the sauce is the key, what it has opened the is the door to success for everett and jones, arguably the best known barbecue restaurant chain in northern california. five outlets with this, the jack london square location in oakland, the largest. >> those are homemade sausages. >> mike: it's owned and operated by dorothy king jurnigan and her children,...
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Dec 7, 2012
12/12
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what they want. >> reporter: which had me wondering what's on jack schwefel's wish list this holiday season. it wasn't this $5,500 coffee maker. >> there are some new knives that i'm actually pretty excited about, so probably those. they're cutting board material actually used in the handle of the knives. >> reporter: and there's no denying it will look good sur la table at this holiday season. erika miller, nbr, new york. >> a lot of people are buying new housewares, i love qooking. >> tom: i do i think is great the house goods category is seeing good growth it says there is confidence in the house market but let's face it, just because it's home goods doesn't mean it's cheap or inexpensive. 5500 dollar coffeemaker, some of these home appliance blernds can be $500. >> susie: if are you looking for discounts now there is green monday. we have had black friday, cybermonday, green monday is the second monday in december and that's when there is allots of discounts on-line. so it will be good for consumers. >> tom: we've been talking about the fiscal cliff but i think there is the holid
what they want. >> reporter: which had me wondering what's on jack schwefel's wish list this holiday season. it wasn't this $5,500 coffee maker. >> there are some new knives that i'm actually pretty excited about, so probably those. they're cutting board material actually used in the handle of the knives. >> reporter: and there's no denying it will look good sur la table at this holiday season. erika miller, nbr, new york. >> a lot of people are buying new housewares, i...
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Dec 28, 2012
12/12
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. >> it appears to me the action, if there is any, is now in the senate side and we'll just have to see if we're able, on a bipartisan basis to move forward. >> reporter: senate majority leader harry reid said he too would try to reach agreement. but that was after spending most of the day hammering away at house republicans. reid blamed the current stand off on the inability of house republicans to pass their own plan which would have extended tax breaks for everyone making less than a million dollars a year. >> it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd. he meaning the speaker. so it's very clear now mr. president that the speaker's number one goal is to get elected speaker on january 3. >> reporter: january 3 is the deadline for the new congress to start work. if a fiscal cliff fix isn't passed by then, the start of a new congress will likely delay matters even more. which is why the focus now is on reaching a nano-deal. >> the minimal that they can put together to avoid the f
. >> it appears to me the action, if there is any, is now in the senate side and we'll just have to see if we're able, on a bipartisan basis to move forward. >> reporter: senate majority leader harry reid said he too would try to reach agreement. but that was after spending most of the day hammering away at house republicans. reid blamed the current stand off on the inability of house republicans to pass their own plan which would have extended tax breaks for everyone making less...
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Dec 29, 2012
12/12
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Dec 29, 2012
12/12
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que vienen cada semana son los que me importan. arthur, ¿estos pimientos son míos? sí. bien, que nadie los tome, yo vuelvo enseguida, sí, seguro. ¿estos son míos? ♪ asha se robó mis pimientos, los dejé ahí y ella los robó, así que sus clientes comen como reyes y los míos se mueren de hambre. es un caos. ♪ (personas) ¡sorpresa! [todos riendo] ¡jajajaja! (theo) es el comienzo de una buena multitud, creo que la gente está empezando a animarse y yo soy el que los pone de buen humor.
que vienen cada semana son los que me importan. arthur, ¿estos pimientos son míos? sí. bien, que nadie los tome, yo vuelvo enseguida, sí, seguro. ¿estos son míos? ♪ asha se robó mis pimientos, los dejé ahí y ella los robó, así que sus clientes comen como reyes y los míos se mueren de hambre. es un caos. ♪ (personas) ¡sorpresa! [todos riendo] ¡jajajaja! (theo) es el comienzo de una buena multitud, creo que la gente está empezando a animarse y yo soy el que los pone de buen...
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Dec 13, 2012
12/12
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let me be specific. u.s. treasuries, if you're talking about the long maturities, 15, 20, 30 years, i would say be careful. in most scenarios, those come under pressure. if you're talking about the shorter maturities, we think there remains value. not as much as they used to be, but there is still some value. 10 years and in, it is safer. 10 years and beyond is dangerous. if you're going to other bonds, it depends on quality. investors need to focus on companies that are sovereign, with very strong balance sheets, explosive growths and positive cashflows, because you're going to need all three things to navigate this small, complex environment. >> susie: let me ask you real quickly before we leave here about the fiscal cliff because ben bernanke talked a lot about that today. we discussing that with darren about all of the risks. there is a lot of back and forthwith lawmakers in the white house. what is the best possible outcome you're expecting and hoping for? >> so it is different things. so what we hope fo
let me be specific. u.s. treasuries, if you're talking about the long maturities, 15, 20, 30 years, i would say be careful. in most scenarios, those come under pressure. if you're talking about the shorter maturities, we think there remains value. not as much as they used to be, but there is still some value. 10 years and in, it is safer. 10 years and beyond is dangerous. if you're going to other bonds, it depends on quality. investors need to focus on companies that are sovereign, with very...
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Dec 21, 2012
12/12
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i'm john sebastian, and that was me, and this is my music. tonight, we're going to look back at some of the most popular songs of the folk era.
i'm john sebastian, and that was me, and this is my music. tonight, we're going to look back at some of the most popular songs of the folk era.
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Dec 12, 2012
12/12
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fixed income markets actually scare me a little bit, the bond markets because it is so low yield and high-priced. >> susie: mike, can we squeeze in a chetio question about china. a lot of investors are wondering about the investment in china. a lot of american companies saying they're seeing a real slowdown. what is your take on china? >> there isno question they had a slowdown engineered by the government. they did a slowdown in 2008 and 2010, and they said they're going to stop that. and business has bottomed out and is in fact, turning up. it is interesting, susie, in the last week, december 3rd, the most recent bottom in the shanghai market, which has been a being downer, does pit the market going up 6.5%, and the marketis up 6.5%. so the markts beginning to believe it is getting better as well. >> susie: thank you very much, mike, mike holland and holland and company. and tomorrow tonight, we'll have more analysis on the fed decision. mohamed el-erian joins us. he's the c.e.o. of pimco. >> tom: still head, british bank hsbc agrees to pay a record fine for laundering mexico drug
fixed income markets actually scare me a little bit, the bond markets because it is so low yield and high-priced. >> susie: mike, can we squeeze in a chetio question about china. a lot of investors are wondering about the investment in china. a lot of american companies saying they're seeing a real slowdown. what is your take on china? >> there isno question they had a slowdown engineered by the government. they did a slowdown in 2008 and 2010, and they said they're going to stop...
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Dec 15, 2012
12/12
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last year, i was definitely ahead of the me. i'm probably 75% to 80% done. fantastic. haven't started yet. hoping to get a jump start on it this trip. >> reporter: retail expert mike niemira says only half of americans polled recently have finished their holiday shopping. >> the consumer is behind on their completion. that means we rely much more on the next few days for it to pick up dramatically. >> reporter: because of all the fiscal cliff doom and gloom, retailers are worried. and perhaps they should be. after all americans think their personal finances will take a hit next year. and that might mean fewer gifts under the tree. >> we believe that the post black friday lull that we've seen in the last three weeks that consumers are spending at a very restrained rate simply because they don't have the money and there's a little bit of a fear factor out there. >> reporter: but, therere those who say it's wrong to credit the fiscal cliff for the lackluster holiday shopping season. more likely they think shoppers are playing a game of chicken with retailers, waiting for
last year, i was definitely ahead of the me. i'm probably 75% to 80% done. fantastic. haven't started yet. hoping to get a jump start on it this trip. >> reporter: retail expert mike niemira says only half of americans polled recently have finished their holiday shopping. >> the consumer is behind on their completion. that means we rely much more on the next few days for it to pick up dramatically. >> reporter: because of all the fiscal cliff doom and gloom, retailers are...
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Dec 8, 2012
12/12
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. >> tell me just a little bit about this process. >> we hire typically high school graduates. and we bring them in and we assess their skills and their training and what they have to offer. we put them through a training program to train them towards a task or particular set of tasks. >> 100 nerves in 100 days. where did you get to the point where you were on this nerd drive. how did you get here and how is the drive going. >> we started in november with 100 nerds and 100 day modeled after a pbs member drive. and the deal is that if you were known to us and you get an interview we send you a hundred bucks. if we end up hiring the person we send you another 400 bucks and we're trying to get to a hundred nerds in as many days. i think right now we've had about 900 applications submitted and we've hired 189 people. >people -- 189 people. >> what's the challenge for you specifically in hiring the people. >> the last i check the unemployment ratexd for i.t. people i'm looking for is something like half of the national average. so above all there just aren't enough people who are ou
. >> tell me just a little bit about this process. >> we hire typically high school graduates. and we bring them in and we assess their skills and their training and what they have to offer. we put them through a training program to train them towards a task or particular set of tasks. >> 100 nerves in 100 days. where did you get to the point where you were on this nerd drive. how did you get here and how is the drive going. >> we started in november with 100 nerds and...
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Dec 25, 2012
12/12
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not in the job of picking the stocks over, you know, three, six, nine, even 12 months is tough for me. here's what i do think. i do think we'll get some resolution to the fiscal cliff, whether it's right now or whether it's soon after the new year, i think we will see some kind of resolution. that will be good for markets, good for business, good for investors. so i'm going into 2013 wanting to be long some really good high quality companies that i know can accrue returns for investors over time. and i don't want to think with the next few months. >> tom: let's focus on the next year ahead. what about volatility, do you think you'll need an iron stomach to be a stock investor? >> i think investing in stocks, in equities comes volatility. we're not buying bonds here, we're not sticking the cash in our mattress in our beds. so i think with investing if you're going to be an investor you have to be able to handle the ups and downs that come with investing in stocks. now, here's what i think most investors should do out there, which is diversify. i really want you thinking about owning do
not in the job of picking the stocks over, you know, three, six, nine, even 12 months is tough for me. here's what i do think. i do think we'll get some resolution to the fiscal cliff, whether it's right now or whether it's soon after the new year, i think we will see some kind of resolution. that will be good for markets, good for business, good for investors. so i'm going into 2013 wanting to be long some really good high quality companies that i know can accrue returns for investors over...
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Dec 5, 2012
12/12
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>> susie: not quite right, and those trees are a little too high for me to reach to put an ornament. that's "nightly business report" for tuesday, december 4. have a great evening, everyone, and you, too, tom. >> tom: good night, susie. we'll see you online at nbr.com, and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >>> it all started with a single lemon squeezer, and now 30 years later, bonnie grossman's house is filled with collections of all kinds. kitchen utensils, medicines, walking sticks, bottle whimsies, quilts, tramp art, little houses, and the work of self-taught artists, like alex maldonado. for bonnie, each item here is
>> susie: not quite right, and those trees are a little too high for me to reach to put an ornament. that's "nightly business report" for tuesday, december 4. have a great evening, everyone, and you, too, tom. >> tom: good night, susie. we'll see you online at nbr.com, and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >>> it all started with a single lemon squeezer, and now 30 years later, bonnie...
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Dec 20, 2012
12/12
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stephen roell told me he's worried that uncertainty about the fiscal cliff could hurt consumer confidence, and his business. >> we don't do that. as the consumer, i products to costumers like the big three, that in turn sell to the auto industry. my biggest concern is how it will affect the psychology of the consumer. i've been surprised, susie, that people continue to buy automobiles. but my fear is that could change dramatically. >> susie: steve, to what extent are the ups and downs impacting your business day to day. >> i think people are holding back on making captain investments. i see that particularly in the building side. from my standpoint, i continue to invest around the world. i'll invest to make sure i'm buying the strategies we laid up for the next three years. the question is what it will do, depending on what the outcome is, how is it going to alter my strategies if the out come is different than i
stephen roell told me he's worried that uncertainty about the fiscal cliff could hurt consumer confidence, and his business. >> we don't do that. as the consumer, i products to costumers like the big three, that in turn sell to the auto industry. my biggest concern is how it will affect the psychology of the consumer. i've been surprised, susie, that people continue to buy automobiles. but my fear is that could change dramatically. >> susie: steve, to what extent are the ups and...
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Dec 21, 2012
12/12
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let me begin by just asking that if you were in the senate today would you be voting for plan b? >> well, yes, but i don't think plan b is going to be the final option here. i general binly believe that it's in the interest, both of the speaker and the president and both party to its reach an agreement before we go over the fiscal cliff. and that because it is in both their political interests to do that and because when you look at the numbers that they are debating over right now they are reasonably close, especially in the context of ten year numbers, i just think you're going to get an agreement here probably on the thursday, friday after christmas. >> susie: so you think there will be a deal? some people were saying that they are hoping that this going it to put political pressure, this vote on the president and the democrats. but then today we heard from senator harry reid saying this say political stunt. i mean which is it? >> well, harry tends to get carried away sometimes. he's a friend but he does get carried away. i don't think it's a stunt. i think the speaker needs t
let me begin by just asking that if you were in the senate today would you be voting for plan b? >> well, yes, but i don't think plan b is going to be the final option here. i general binly believe that it's in the interest, both of the speaker and the president and both party to its reach an agreement before we go over the fiscal cliff. and that because it is in both their political interests to do that and because when you look at the numbers that they are debating over right now they...
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Dec 6, 2012
12/12
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. ♪ i remember mama said ♪ you can't hurry love ♪ no, you just have to wait ♪ my mama told me ♪ you better shop around ♪ oh, yeah, you better shop around ♪
. ♪ i remember mama said ♪ you can't hurry love ♪ no, you just have to wait ♪ my mama told me ♪ you better shop around ♪ oh, yeah, you better shop around ♪
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Dec 15, 2012
12/12
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low, housing prices up 11 percent year over year, double digit growth in autos and auto loans so to me it looks like the consumer is poised, corporations are lean on the balance sheet side, it looks like if you trigger good secular things and trajectory on the fiscal things in the u.s. you could have a heck of a second six months in 2013 in the market. >> a lot of optimism and you are playing it at a movie theaters and begins with lions gate entertainment whomplts knew you were a teenage vampire fan with the twilight movie series, the stock has done nicely this year, how much more do you see the run? >> well, i think there is more in it. you know, they not only own the twilight saga and hunger games which are begging obviously for sequels but big tv production studio as well, have mad men, weed, anger management, a lot of food renewal seasons ahead for those and lots of sequels on the movies, the stock is only 11 times earnings, we think there is more to go, although the name has done well. >> aqua financial a new pick here, ocn. >> this stock shot more than double this year, 34 and ch
low, housing prices up 11 percent year over year, double digit growth in autos and auto loans so to me it looks like the consumer is poised, corporations are lean on the balance sheet side, it looks like if you trigger good secular things and trajectory on the fiscal things in the u.s. you could have a heck of a second six months in 2013 in the market. >> a lot of optimism and you are playing it at a movie theaters and begins with lions gate entertainment whomplts knew you were a teenage...